The downtrend force is very much strong so that the bulls need to wait for a while IMO. If the candle keeps hitting the lower Bollinger day by day, it is very nasty for the bulls and the next stop can be around 3800 on 20 July 2010 before turning strongly back to the uptrend, I guess. Just my opinion.
Both daily and weekly charts show that the bears control strongly the market ATM.
Have a good weekend and good luck.
XJO Daily
XJO Weekly
fragile friday, page-130
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7,649.6 |
Change
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Mkt cap ! n/a | |||
| Open | High | Low |
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| XJO (ASX) Chart |